Iran | Egypt Oil & Gas - Part 40
Iran Denies Possessing Seaborne Oil Stockpile
Iran has no stockpile of crude oil at sea and its floating gas condensates have all been sold, according to the Iranian Oil Terminals Company’s (IOTC) Managing Director, Seyyed Pirouz Mousavi.
Global Insurers to Cover Iranian Oil Cargoes
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from Feburary after striking a deal to provide cover without involving US-domiciled reinsurers.
Iran Earned $41b in Oil Revenues
Iran’s oil and condensate revenues are expected to reach $41b in the country’s current fiscal year ending on 20 March 2017.
Sri Lanka to Buy Iranian Oil
Sri Lanka is interested in purchasing oil and related products from the Islamic Republic of Iran, after resolving the outstanding financial issues between the two countries pertaining to previous purchases.
Iran to Approve New List of Bidders
National Iranian Oil Company (NIOC) will reveal a second list of international companies approved to bid in the country’s oil and gas tenders.
China to Loan $1.3b to Iranian Refinery
China has opened a line of credit, worth $1.3b, to finance the development of Abadan Oil Refinery, Iran’s oldest refinery in the southern Khuzestan Province.
Iran’s Oil Exports to India Grew in 2016
India's annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran.
Iran to Export Gas to Iraq
Iran is ready to proceed with a much-awaited project to export natural gas to Iraq as soon as Baghdad takes measures to make the related payments.
